Contract Period Funding Sample Clauses

Contract Period Funding. If HMRI elects to participate in the Contract Period Research Program, HMRI shall pay OSI's total actual research costs in carrying out the Contract Period Research Plan, plus Allocated Overhead (the "Funding Payments"). The total amount of Funding Payments shall not be less than ** in the first twelve (12) month period of the Contract Period, nor less than ** in the second twelve (12) month period of the Contract Period, unless, in each instance, the Research Management Committee, which shall supervise the conduct of the research and the expenditure of the funds, determines that such amounts cannot be effectively expended, in which event the total amount of Funding Payments in either or both such twelve (12) month periods may be less than the amounts stated above as determined by the Research Management Committee. 3.2.1 Prior to the beginning of each calendar year (or part thereof) during the Contract Period, the Research Management Committee shall approve a budget which shall set forth the work to be accomplished during each calendar quarter and the payment to be made. The budget so created will be in form and detail as the Research Management Committee ----------------------- ** This portion redacted pursuant to a request for confidential treatment. 3.2.2 HMRI shall make prepayments to OSI of the Funding Payments quarterly in advance for work scheduled to be performed by OSI during any calendar quarter. The amounts of such prepayments shall be based upon the budget described in Section 3.2.1 hereof. Adjustments as necessary to reflect the work actually performed by OSI shall be made at the end of each calendar quarter. Within thirty (30) days of the close of a calendar quarter, OSI shall invoice HMRI for the amount actually spent by OSI during the calendar quarter plus Allocated Overhead for such quarter. If actual expenditures plus Allocated Overhead during such quarter are less than the prepayment (and in the case of the first and second twelve (12) month periods of the Contract Period, less than ** and ** respectively), OSI shall pay HMRI on the date of the invoice the difference between the prepayment and the actual expenditures. If actual expenditures as approved by the Research Management Committee exceed the prepayment, HMRI shall pay OSI the difference within thirty (30) days of the date of the invoice. 3.2.3 The amount of the Funding Payment for each calendar quarter shall be based on the work in progress pursuant to the Contract Period Researc...
Sample 1
Contract Period Funding. Roche shall pay Helicon's total actual research costs less OSI's contribution of services worth ** during the first year (including those incurred by OSI and CSHL), in carrying out plan for the Research Program, plus Allocated Overhead (the "Funding Payments"); provided, however, that the total amount of Funding Payments for the first and second years after the Effective Date (including those incurred by OSI and CSHL) shall be determined according to section 3.1.1 and shall not exceed ** and ** respectively. Total amounts of funding for year three will be determined according to Section 3.1.1 but in no case will such funding be less than ** and shall not be greater than the amount agreed by Research Committee as set forth in Section 3.1.1. 3.1.1 Prior to the beginning of each calendar year (or part thereof) during the term of Research Program, the Research Committee shall approve a budget which shall set forth the work to be accomplished during each calendar quarter and the Funding Payments to be made. The budget so created will be in a form and detail as the Research Committee shall determine and shall be delivered to both parties in time to be included in each party's internal budgeting process. 3.1.2 All Funding Payments shall be made quarterly in advance for work scheduled to be performed by Helicon during any calendar quarter, against Helicon's invoice for such budgeted amount which shall provide a pool of resources to be utilized on the Research Program as directed by the Research Committee. -------------------- ** This portion has been redacted pursuant to a request for confidential treatment. 3.1.3 The amount of the Funding Payment for each quarter shall be based on the work in progress pursuant to the Contract Period Research plan any residual Funding Payment from the previous calendar quarter and the associated annual budget; provided, however, that the aggregate amount of Funding Payments made in any calendar year shall not exceed the amounts set forth in Section 3.1. 3.1.4 Each Funding Payment shall be paid on the first day of the quarter or thirty (30) days after receipt of invoice, whichever is later. 3.1.5 Helicon shall keep for three (3) years from the expiration of this Agreement complete and accurate records of its expenditures of Funding Payments received by it. The records shall conform to generally accepted accounting principles as applied to a similar company similarly situated. Roche shall have the right at its own expense during the...
Sample 1
Contract Period Funding. During the Contract Period, Tanabe shall pay to OSI its total actual research costs in carrying out the Research Plans (the "Funding Amounts") at the rate (the "FTE Rate") of ** per FTE during the first year of the Contract Period, ** per FTE during the second year of the Contract Period, ** per FTE during the third year of the Contract Period (the "Third Year FTE Rate"), and ** per FTE during the fourth year of the Contract Period (the "Fourth Year FTE Rate"). The Funding Amounts for any given period shall be calculated by ** . The aggregate Funding Amounts which Tanabe shall be obligated to pay hereunder during each year during the Contract Period shall not exceed ** during the first year of the Contract Period, ** during the second year of the Contract Period, ** during the third year of the Contract Period, and ** during the fourth year of the Contract Period. If the aggregate Funding Amounts for a year exceed the Budgeted Amount for such year, OSI shall bear such excess unless such excess had been approved by the Steering Committee.
Sample 1
Contract Period Funding. Helicon shall fund CSHL's total actual research costs in carrying out the Research Plan, plus Allocated Overhead (the "FUNDED AMOUNT"). The Funded Amount shall not exceed ** in the first year of the Contract Period, ** in the second year of the Contract Period, and, in the event the Research Program is extended beyond the Contract Period, ** in the third year, ** in the fourth year, and ** in the fifth year, unless, in each instance, the Parties determine that the above amounts are not sufficient to implement the Research Plan that year, in which event, greater amounts shall be expended during a particular year as determined by the Parties, provided, however, that the aggregate Funded Amount for the five-year period shall not exceed ** . (a) Payments shall be made quarterly in advance for work scheduled to be performed by CSHL during any Quarter, against CSHL's invoice for such budgeted amount. Within thirty (30) days of the close of a Quarter, CSHL shall invoice Helicon for the amount actually spent by CSHL during the Quarter (plus Allocated Overhead). If actual expenditures (plus Allocated Overhead) are less than the prepayment, CSHL shall pay Helicon at the date of the invoice the difference between the prepayment and the actual expenditures. If actual expenditures as approved by the Parties exceed the prepayment (and are less than 25% of the maximum for that particular year set forth in Section 3.1), Helicon shall pay CSHL the difference within thirty (30) days of the date of the invoice. (b) In the event that the Contract Period or the Research Program is terminated upon six months' prior notice, Helicon shall continue to fund CSHL's actual research costs during such notice period in accordance with this Section 3.1.
Sample 1
Contract Period Funding. 27 3.1.1 Budgeted Amount...........................................................27 3.1.2 Adjustments...............................................................28 3.1.3 Progress Pursuant to the Research Plan....................................28 3.1.4 Inspection of Funding Amount..............................................28 3.1.5 Minimization of Expenditures..............................................30 3.2 Sharing of Responsibilities in the Early Development Phase..........................30 3.3 Technology Access Fee and Milestone Payments........................................30 3.3.1 Technology Access Fee.....................................................30 3.3.2
Sample 1

Related to Contract Period Funding

  • CONTRACT PERIOD “Contract Period” shall mean the period commencing the day immediately preceding a Change in Control and ending on the earlier of (i) the first anniversary of the Change in Control or (ii) the date the Executive would attain age 65 or (iii) the death of the Executive. For the purpose of this Agreement, a Change in Control shall be deemed to have occurred at the date specified in the definition of Change-in-Control.

  • Contract Period and Renewal The Contract is effective on the signature date of the latter of the Parties to sign this agreement and terminates on June 30, 2023, unless renewed, extended, or terminated pursuant to the terms and conditions of the Contract. The Parties may extend this Contract subject to mutually agreeable terms and conditions.

  • Contract Period Not Affected If the State suspends a work authorization, the contract period as determined in Article 2 of the contract (Contract Period) is not affected and the contract and the work authorization will terminate on the date specified unless the contract or work authorization is amended to authorize additional time.

  • Extension of Initial Contract Period 31.1 Subject to clause 13 (Price Adjustment on Extension of the Initial Contract Period), the Authority may, by giving written notice to the Contractor not less than three (3) Month(s) prior to the last day of the Initial Contract Period, extend the Contract for such further period as may be specified in the notice. The provisions of the Contract will apply (subject to any Variation or adjustment to the Contract Price pursuant to clause 13) throughout any such extended period.

  • Term of Contract; Contract Extension The Contract will be in effect from the Effective Date (15 December 2016) through 31 December 2018. DAS, in its sole discretion, may extend this Contract for additional terms beyond the original term, prior to Termination or expiration, one or more times for a combined total period not to exceed the complete length of the original term.

  • Project Period The Project Period ("Project Period") is the time during which the Applicant will be conducting the Project. Unless this Investment Agreement is terminated earlier under Article 7 Termination, the Project Period commences on the Project Start Date and ends on the Project Completion Date.

  • Funding Period The Funding Period, if any, shall not have terminated.

  • Payment Period Whenever a payment under this Agreement specifies a payment period with reference to a number of days, the actual date of payment within the specified period shall be within the sole discretion of Company.

  • Compensation for Breakage or Non-Commencement of Interest Periods Borrower shall compensate each Lender, as promptly as practicable after written request by such Lender (which request shall set forth the basis for requesting such amounts and shall be conclusive absent manifest error), for all reasonable losses, expenses and liabilities (including any interest paid or calculated to be due and payable by such Lender to lenders of funds borrowed by it to make or carry its Eurodollar Rate Loans and any loss, expense or liability sustained by such Lender in connection with the liquidation or deployment of such funds but excluding loss of anticipated profits) which such Lender may sustain: (i) if for any reason (other than a default by such Lender) a borrowing of any Eurodollar Rate Loan does not occur on a date specified therefor in a Funding Notice or a telephonic request for borrowing, or a conversion to or continuation of any Eurodollar Rate Loan does not occur on a date specified therefor in a Conversion/Continuation Notice or a telephonic request for conversion or continuation; (ii) if any prepayment or other principal payment of, or any conversion of, any of its Eurodollar Rate Loans occurs on a date prior to the last day of an Interest Period applicable to that Loan; or (iii) if any prepayment of any of its Eurodollar Rate Loans is not made on any date specified in a notice of prepayment given by Borrower.

  • Commitment Termination Date the earliest to occur of (a) the Revolver Termination Date; (b) the date on which Borrowers terminate the Revolver Commitments pursuant to Section 2.1.4; or (c) the date on which the Revolver Commitments are terminated pursuant to Section 11.2.